New Relief for First Time Home Buyers and Increased HST Rebate for New Homes & Others!
I recently had the pleasure of interviewing Sean Akeroyd of Akeroyd Leung in Vancouver about some changes to the HST in the 2012 BC Budget and here’s what’s new:
First-Time New Home Buyers Bonus
The 2012 British Columbia Budget has some great goodies for the first time buyers of newly built properties. Effective February 21, 2012, to March 31, 2013, the $10,000 B.C. First-Time New Home Buyers’ Bonus will give a temporary, refundable income tax Continue Reading…
Live at West, a New Presale Residential development on Vancouver’s Expanding False Creek
Live at West is a new commercial/residential presale condo development to be located at 141 West 2nd Avenue between Columbia and Manitoba Streets in South East False Creek. Plans call for over 100 residential units.
This phase of the project is sold out and completed. The next phase of this project is called Epic at West and should go on sale in early 2016. Sign up for more information!
It’s the latest development in Vancouver’s rapidly expanding South False Creek area and will be one of the city’s greenest developments yet. Live at West will start with a 6-story podium attached to a 15 level tower, and be followed by another two towers and an additional podium should market interest be strong.
Phase 1 is slated for completion in February 2014
The Presale purchase deposit on this property is 15% in total with an initial deposit of 5% upon an accepted offer and two further deposits of 5%, 3 months and 9 months after the accepted offer.
Live at West will be a landmark development in one of the fast growing areas of the city – False Creek South. Residents will be walking distance to the funky shops and trendy restaurants of Main Street and close to both the new Canada and Expo Skytrain lines. The site also allows easy access to Chinatown and the Downtown core.
The development calls for 43,000 sq ft of retail space (roughly equivalent to a average sized grocery store). The developer has tapped Colliers to handle the commercial leasing, and they expect to see banking, cafes, restaurants and services like dentists snap up the space.
Modern by Amacon Downtown Vancouver Presale Condo in The West End
Modern by Amacon is a new Vancouver Presale Condo and will have 118 suites in a 17 level tower with low-rise podium. This new condo building will be located at 1009 Harwood Street at Burrard in Downtown Vancouver’s beautiful West End.
High End Living in Downtown Vancouver’s West End
Modern will have one of Vancouver’s most enviable locations. It sits perfectly situated between the city’s coveted West End neighbourhood and the hustle and bustle of the downtown core. You’ll be steps from the quiet, leafy streets of the West End, a nice walk from the beaches of English Bay and have all the convenience of downtown living right at your door.
Increased selection helps maintain balance in Greater Vancouver housing market
Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 per cent increase compared to the 2,545 sales recorded in February 2012, a decline of 29.6 per cent compared to the 4,080 sales in March 2011 and an 8.4 per cent decline compared to the 3,137 home sales in March 2010.
March sales in Greater Vancouver were the second lowest total for the month in the region since 2002 and were 16.8 per cent below the 10-year sales Continue Reading…